Insider Selling: Cooper-Standard Holdings Inc. (NYSE:CPS) Major Shareholder Sells 110,500 Shares of Stock

Cooper-Standard Holdings Inc. (NYSE:CPS) major shareholder Silver Point Capital L.P. sold 110,500 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $105.42, for a total value of $11,648,910.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Silver Point Capital L.P. also recently made the following trade(s):

  • On Thursday, July 13th, Silver Point Capital L.P. sold 100,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $105.25, for a total value of $10,525,000.00.
  • On Wednesday, July 12th, Silver Point Capital L.P. sold 500 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $105.76, for a total value of $52,880.00.
  • On Friday, June 9th, Silver Point Capital L.P. sold 16,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $110.47, for a total value of $1,767,520.00.
  • On Friday, June 2nd, Silver Point Capital L.P. sold 20,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $110.89, for a total value of $2,217,800.00.
  • On Friday, May 26th, Silver Point Capital L.P. sold 10,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $112.66, for a total value of $1,126,600.00.
  • On Thursday, April 27th, Silver Point Capital L.P. sold 62,500 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $112.88, for a total value of $7,055,000.00.
  • On Monday, April 24th, Silver Point Capital L.P. sold 43,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $109.68, for a total value of $4,716,240.00.

Shares of Cooper-Standard Holdings Inc. (NYSE CPS) traded up 1.79% during mid-day trading on Friday, hitting $107.30. The company had a trading volume of 165,776 shares. The firm has a market capitalization of $1.92 billion, a P/E ratio of 13.49 and a beta of 0.73. The firm has a 50-day moving average price of $106.71 and a 200 day moving average price of $107.66. Cooper-Standard Holdings Inc. has a 12 month low of $80.70 and a 12 month high of $118.59.

Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings data on Thursday, May 4th. The auto parts company reported $2.95 EPS for the quarter, beating the Zacks’ consensus estimate of $2.52 by $0.43. The business had revenue of $902.05 million during the quarter, compared to the consensus estimate of $866.38 million. Cooper-Standard Holdings had a return on equity of 28.80% and a net margin of 4.27%. On average, equities research analysts forecast that Cooper-Standard Holdings Inc. will post $10.91 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in CPS. BlackRock Inc. boosted its position in shares of Cooper-Standard Holdings by 49,408.2% in the first quarter. BlackRock Inc. now owns 2,075,880 shares of the auto parts company’s stock worth $230,278,000 after buying an additional 2,071,687 shares during the last quarter. Norges Bank purchased a new position in shares of Cooper-Standard Holdings during the fourth quarter worth $28,537,000. Columbia Wanger Asset Management LLC boosted its position in shares of Cooper-Standard Holdings by 68.5% in the first quarter. Columbia Wanger Asset Management LLC now owns 483,307 shares of the auto parts company’s stock worth $53,613,000 after buying an additional 196,395 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Cooper-Standard Holdings by 7.0% in the first quarter. Vanguard Group Inc. now owns 1,968,004 shares of the auto parts company’s stock worth $218,311,000 after buying an additional 129,224 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Cooper-Standard Holdings by 8.5% in the first quarter. Dimensional Fund Advisors LP now owns 793,397 shares of the auto parts company’s stock worth $88,011,000 after buying an additional 62,329 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on the company. Zacks Investment Research cut Cooper-Standard Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 25th. ValuEngine upgraded Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. Jefferies Group LLC restated a “hold” rating and issued a $117.00 price objective on shares of Cooper-Standard Holdings in a research report on Wednesday, May 3rd. BidaskClub upgraded Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Bank of America Corporation restated an “underperform” rating and issued a $85.00 price objective (down from $94.00) on shares of Cooper-Standard Holdings in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $109.43.

About Cooper-Standard Holdings

Cooper-Standard Holdings Inc is a holding company. The Company designs, manufactures and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers (OEMs). The Company operates through four segments: North America, Europe, Asia Pacific and South America.

Insider Buying and Selling by Quarter for Cooper-Standard Holdings (NYSE:CPS)

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